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Home > "NuScale Cancels First-Of-A-Kind Nuclear Project As Costs Surge"

"NuScale Cancels First-Of-A-Kind Nuclear Project As Costs Surge" [1]

"The country’s first expected commercial small modular reactor was scrapped by NuScale Power on Wednesday, delivering a major setback to the advanced nuclear industry.

NuScale and the Utah Associated Municipal Power Systems (UAMPS), a group of local electric utilities that had agreed to purchase power from the project, mutually decided to terminate what was known as the Carbon Free Power Project (CFPP), according to a news release. NuScale is the only U.S. developer with a design approved by the Nuclear Regulatory Commission (NRC) for a small modular reactor (SMR).

The project was supposed to consist of six 77-megawatt SMRs, generating a total of 462 MW, and come online in 2029. It was to be located near Idaho Falls, Idaho, at the Department of Energy’s Idaho National Laboratory."

Zach Bright reports for E&E News November 9, 2023. [2]

SEE ALSO:

"Nuclear Energy Project in Idaho Is Canceled" (New York Times) [3]

Economy & Business [4]
Energy & Fuel [5]
Nuclear Power & Radiation [6]
National (U.S.) [7]
Mountain West (CO ID MT NV UT WY) [8]
Public [9]
Source: E&E News [2], 11/10/2023
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Source URL:https://www.sej.org/headlines/nuscale-cancels-first-kind-nuclear-project-costs-surge

Links
[1] https://www.sej.org/headlines/nuscale-cancels-first-kind-nuclear-project-costs-surge [2] https://www.eenews.net/articles/nuscale-cancels-first-of-a-kind-nuclear-project-as-costs-surge/ [3] https://www.nytimes.com/2023/11/08/business/energy-environment/nuclear-energy-idaho-nuscale.html [4] https://www.sej.org/category/topics-beat/business [5] https://www.sej.org/category/topics-beat/energy [6] https://www.sej.org/category/topics-beat/nuclear-power/radiation [7] https://www.sej.org/category/region/national [8] https://www.sej.org/category/region/national/mountain-west [9] https://www.sej.org/taxonomy/term/81